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NBC
Nov 29, 2012 7:00am PST
about avoiding the year-end fiscal cliff of tax hikes and spending cuts. republicans are asking for more details from the white house about how president obama would curb the growth of benefit programs like medicare and medicaid. >>> the woman who could be nominated as the next secretary of state got a big show of support wednesday in the face of growing republican criticism. president obama called susan rice extraordinary and said he couldn't be more proud of the job she's done representing the u.s. at the united nations. and outgoing secretary of state hillary clinton said rice has done a great job. rice has been under fire, though, for her initial comments about the deadly september attack on the u.s. consulate in libya. >>> president obama welcomes election rival mitt romney to the white house today. they'll have a private lunch together. the president promised in his victory speech to meet with romney after their bitter campaign and consider his ideas for making government more efficient. >>> and yet another arrest this morning for lindsay lohan. the troubled starlet was charge
NBC
Nov 30, 2012 7:00am PST
. >> reporter: a very different tone on capitol hill as fiscal cliff negotiations remain rocky. the president sent his top negotiator, treasury secretary tim geithner to meet with congressional leaders. afterward, house speaker john boehner said the white house had not proposed spending cuts needed to win critical republican votes. >> i have to tell you, i'm disappointed in where we are, i am disappointed in what's happened in the last couple weeks. >> reporter: senate majority leader harry reid fired back saying democrats put forward a serious plan and ridiculed boehner when asked about the argument that the ball is in the democrats' court. >> i don't understand his brain, so you should ask him. >> reporter: away from the hill, vice president biden took his own steps to push for fiscal cliff compromise, stopping in d.c.'s first costco. warning the economy could suffer greatly if lawmakers can't get a deal done. he proudly flashed his store membership card. >> i went to get my wife's card, she said no, no, no, get your own. >> reporter: according to sources at the white house and on the hill, treasury secretary geithner offered a plan that includes $1.6 trillion in new taxes and $400 billion in spending cuts. it is essentially the budget proposal from last year, a plan republica
NBC
Dec 6, 2012 7:00am EST
how we fix our national deficit. as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secretary tim geithner say the president is willing to see the country go off the fiscal cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you can't get there by taxing your way into it and you can't grow your way out of this. you have to have a blend. when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> let me ask you about a report that some republicans now are perhaps willing to see the tax rates rise to some degree on top earners i
NBC
Dec 6, 2012 9:00am EST
the plans to avoid the so-called fiscal cliff. treasury secretary tim geithner says the administration will allow the nation to be slammed by tax hikes and spending cuts in the new year if the republicans do not agree to raise taxes on wealthy americans. the gop slammed geithner's comments as, quote, irresponsible. >>> a new york city homeless man has been charged with second-degree murder in the death of a man pushed in front of a subway train. 30-year-old naeem davis being held without bail. he has several prior arrests and served two years in prison for robbery. on wednesday, the victim's family spoke out. his daughter said she wishes someone would've helped her father off the tracks, but said, quote, what's done is done. >>> a candle light vigil in evansdale, iowa. on wednesday, hunters discovered two bodies that are believed to be missing cousins 11-year-old lyric cook and 9-year-old elizabeth collins. they were last seen in july. they disappeared while riding their bikes. >>> kate, the duchess of cambridge has left the hospital this morning, the pregnant wife of prince william had been receiving treatment since monday for a rare form of extreme mor
NBC
Dec 6, 2012 6:00am EST
political asylum in latin america if assad is forced to flee syria. >>> with the fiscal cliff approaching, the pentagon is already planning major cuts. if a deal cannot be reached, $500 billion in jobs and programs will be cut. the pentagon spokesman says those cuts could force the defense department to abandon its new military strat george mitchell it's also likely to affect spending, as well as how the military provides for troops and their families. >>> this morning, signs that there may actually be movement on the fiscal cliff talks. kayla is live with that. >> reporter: a little bit of movement potentially. president obama and house speaker john boehner spoke by phone yesterday as democrats and republicans continue to dig their heels in over this budget standoff. there's been no announcement of any new face the face talks as lawmakers try to reach a deal to avoid the so called fiscal cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lo
NBC
Nov 29, 2012 4:00am PST
both sides for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful, but i wouldn't put me anywhere
NBC
Dec 6, 2012 4:30am EST
on capitol hill. the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call that's getting worldwide attention. it
NBC
Dec 7, 2012 5:00am EST
are making any progress on the negotiations to avoid the fiscal cliff. both sides now have less than four weeks to prevent steep tax hikes and spending cuts from taking effect. nbc's tracie potts is live on capitol hill with more. >> reporter: good morning. what could push that along is this morning's release of jobs numbers, telling how many people got jobs in november. it's not expected to change much. nationally we're at 7.9%, which is worth note ing is a lot high than the 5.1% here in the d.c. area. unemployment, if it continues to be stagnant, could force lawmakers to take a look at how close they want to get to that fiscal cliff, especially at this time of year. >> it's very important that we get this done now, that we don't wait. we're in the midst of the christmas season. the closer it gets to the brink, the more stressed they're going to be. businesses are making decisions right now about investment and hiring. if they don't have confidence week get this thing done, they're going to start pulling back, and we could have a rocky time in our economy over the next several months. >> reporter: we are now hearing the staffs for president o
CSPAN
Nov 30, 2012 8:00pm EST
. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush. that is a good thing. these guys are santa's extra elves. they ma
NBC
Nov 29, 2012 6:00am PST
revenue on the table as long as it's accompanied by serious spending cuts. >> the fiscal cliff is a series of tax increases and spending cuts that kicks in at the end of the year if congress doesn't act. at issue, how to get people that earn more than $250,000 a year to contribute more either by raising taxes or cutting their deductions. for more, we're joined this morning by tracie potts live in washington, d.c. good morning, tracie, first of all. now, the white house is bringing the president's plan to capitol hill during a series of meetings. who are the major players here? >> first of all, tim geithner and rob neighbors are the two big negotiators coming here. they're meeting with nancy pelosi and john boehner, mitch mcconnell and harry reid to really sort of sit down and present that plan. >>> let's talk about the president's plan and what it calls for. republicans receptive to it? >> reporter: well, they're receptive to the idea of it. we haven't seen details. what republicans are saying is we welcome you here, we want to talk, but we need to see details. facts, specifics, numbers. if we're going to put on the table someth
CSPAN
Nov 30, 2012 11:00pm EST
. it was the fiscal cliff 1.0. the tax cuts were set to expire and senator reid was on the floor. the democrats did not want to extend all the tax cuts. they only wanted to do some of the tax cuts. and he was trying to create an impression of the time that republicans were obstructing the process. but in reality, they were respecting the agenda and creating an environment that they can win politically. and he said right after this quote, a rare weekend session in the senate -- he had to senate's side by side. no republicans and he set this up and show that republicans were obstructionist. but they would not go along with what he said is that the country. this is a public relations ploy designed to shift the democrat ability to go along with what republicans have to do. the republicans are saying we don't want to go along with what the democrats want to do. in short, he was seeking to control the agenda and i think that's the real issue. certainly, there are times when minorities of both parties both needed to or wanted to. but the real issue is one of agenda control. we actually have
NBC
Dec 7, 2012 6:00am EST
. 25 days before the u.s. is set to go over the fiscal cliff and still no deal. >> the president wants more revenue and fewer spending cuts then if we fell off the fiscal cliff. >> pulling the rug out from under these families would delay the recovery. how do we get the economy moving? weekly unemployment claims spike. governor chris christie pressed president obama for additional aid. >> i am going home, guys. >> hiring plans plans last month. matching a record low from november of 2008. planned layoffs rose 20% to their highest levels in six months. consumer spending is down. >> i want to thank tiffany. >> the fiscal cliff negotiations are down to president obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to 200
NBC
Nov 29, 2012 4:30am PST
house negotiators head to capitol hill today to continue talks about avoiding the fiscal cliff. tracie potts has the latest on the fight to keep your tax breaks from disappearing. >> reporter: treasury secretary tim geithner and white houlegis chief rob neighbors bring the deficit-cutting plan to capitol hill today. >> i'm very open to a fair and balanced approach to reduce our defic deficit. >> reporter: republicans want to know does that approach include the government spending less money. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats, executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in negotiation like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful but i wouldn't put me anywhere near optimistic. >> reporter: one conservative republican is suggesting while negotiations continue on whether the wealthy should pay more, congress should stop tax rates from going up on the middle class now. >> we're not going to raise taxes on those people and i think we ought to go ahead and make th
CSPAN
Dec 3, 2012 8:00pm EST
the fiscal cliff. in the last 10 years there's been $1,500 for every american consumer has gone to increased oil prices. $1,500. we're now talking about $2,000 take the tax cuts make a different for middle-class americans. you can get them that tax cut today if you invested in our report. and then everybody talks about entitlements. the social security administration trustees have said that high oil prices make the social security trust insolvent five years sooner than they would if you didn't have high oil prices. look, we all know what america needs. america needs jobs. america needs growth. following the recommendations in our report will lead to both of those. that's going to be good for the politicians, it's going to be good for the consumers, it's going to be good for american business. >> let me bring in the senators here to ask about -- i'll start with you, senator alexander. if you could just tell me a little bit about energy policy in this country and where it fits in in the conversations happening right now about the fiscal cliff. we're taking a great deal of soul-searching about america's priorities and taxes and spending, what we're going to spend mon
CSPAN
Dec 6, 2012 11:00pm EST
fiscal cliff. this is 30 minutes. >> thank you, tommy. first, let me thank secretary panetta for his unwaiverring support, both for those of us in va, and the men and women who wear and have worn the uniforms of the nation. our close partnership, this meeting that we have today, on their behalf, has never been more important than it is today. entering the holiday season, i thank the men and women who spend these holidays away from their families, defending our nation, we're all very grateful for their service and sacrifice. as leon and iƱhr discussed very little of what we do here in va originates here. most of what we work on originates in dod, and that's why achieving our priorities at va requires this close and collaborative working relationship. we have more work to do, but with president obama's strong support and guy dance, we brought the two departments closer together than ever before. we've underwritten joint va-dod medical facilities where they make sense, harmonizing our acquisition decisions, and we've committed both departments to a single common, joint, integrated
CSPAN
Nov 30, 2012 10:30pm EST
pelosi addresses the fiscal cliff and middle- class tax cuts. tomorrow on ", washington "" robert -- "washington journal," robert van order on the mortgage loan forgiveness. adult'eman on being an with autism. plus, your emails, phone calls, and tweets. >> c-span, created by cable companies and venture 1979, brought to you as a public service by >> president obama talked about the so-called fiscal cliff and his proposal to end the bush era tax cuts. he spoke at a manufacturing facility in hatfield, pennsylvania, for about 25 minutes. >> thank you! [cheers and applause] >> well, good morning, everybody. everybody, please have a seat, have a seat. relax for a second. it is good to see all of you. hello, hatfield! it is good to be back in pennsylvania and it is good to be right here at connects. i want to thank michael airington and the inventor of connects, joel glickman, for hosting me today. where'd they go? stand up so everybody can see you guys. there you go! i just noticed, we got a couple of outstanding members of congress here. chaka pata, and allison schwartz. i just finishe
NBC
Nov 30, 2012 4:30am PST
without avoiding the fiscal cliff. >> demand is going to go away because all of a sudden you'll have $2,000 coming out of people's paychecks. >> john boehner calling the massive increases and spending cuts scheduled for january 1st a real possibility, but many washington insiders say a deal is still doable. >>> 4:45. so how is wall street reacting to all the uncertainty? for more on that, we turn to bertha coombs live at cnbc world headquarters. good morning, bertha. >> reporter: hey, good morning. yeah, you know, wall street basically reacts to those headlin headlines. that's what's moving us these days. we had a fairly choppy session on thursday because of it. the markets rose and fell, as you heard from democrats and republicans. they started saying the talks weren't going well. that's when things started to go lower. lawmakers are edging closer to that year-end fiscal cliff, 31 days and counting now. today we'll get data on personal income, spending and manufacturing. we've got the futures pointing to a higher start. we'll see if the dow can extend its gains. it closed up 36 points to 13,021. the nasdaq up 20 to 3012. with one day to go in november, the nasdaq and the s&p 500 are in the black
CSPAN
Dec 4, 2012 11:00pm EST
the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dismount. in lieu of that retirement, i decided to set up the foundation to increase awareness of long-term debts and get solutions. never in my experience have these things are more closely linked, in the words of mike mullen. we are endlessly reminded that everything must be on the table, including defense, which accounts for about 20
CSPAN
Nov 30, 2012 2:00pm EST
specifically affect families? guest: some that have expired that are part of the fiscal cliff package. guest: some that have expired that are part of the fiscal cliff package. they get much less attention than the bush tax cuts. they are part of the packet of decisions that congress has to make. host: we can go into debt but to highlight four -- let's start with the child tax credit. what is it? guest: this is a credit that applies to families, some that you can use if you make up to $130,000. it is they $1,000 credit for each child. unless congress acts, that 10000 tax credit will become $500, but becomes less valuable. you can make up to $130,000. host: that is the child tax credits. guest: almost 24 million families claimed it in 2009. it is one of the bigger tax credits out there. host: the next one would be the child and dependent care tax credit. guest: is a credit between 20% and a 30% and goes up to $3,000. it helps families with their expenses for child care or if they have dependents and things like that. you can basically claim a credit of $3,000. host: for child care purposes? guest: this helps with dependents. host: the earned income tax credit is what? guest: it is a credit whose primary recipients a
CSPAN
Dec 7, 2012 2:00pm EST
walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week. can you characterize that call? did he have any kind of count offer and we understand that he is making clear that it's got to be increase rates for the wealthy or no deal. are you willing to give a little bit? >> the phone call was pleasant but was more of the same. the conversations that the staff had yesterday were more of the same. it's time for the president if he's serious to come back to was a count offer. >
CSPAN
Dec 4, 2012 1:00am EST
the so-called fiscal cliff. ron in indiana. caller: the first young fellow. the question that i wanted to ask. everybody is talking about raising taxes on the job creators and they will not create jobs. these bush tax cuts have been in place. how long will it take to see the job? host: what do you think of the deductions? you think they have been a part of the tax code lot of that americans cannot do without them? caller: some of them need to be part of the negotiations. middle class people, we cannot. forget them. but the upper class, they get the big tax cut. the middle class does not hardly see these deductions. and especially those that give you these deductions, they give you loopholes. host: let's go to curtis dubay to get a response to that. our caller was talking about if you have the means to hire someone that has the ability to look through the deductions you can get a much better break. is it fair? guest: if you do not have someone to show you how to do it, it can be hard to take them. but for the most part, most people will take the standard deduction. they do not need to hire someone to take itemize deductions that they will not be able to take any way. that is the point of the bush era tax poli
NBC
Nov 30, 2012 6:00am PST
over avoiding that looming fiscal cliff now shrinking on capitol hill as lawmakers admit they have made no real progress in two weeks. president obama now taking his pitch out on the road to pitch those tax increases and spending cuts to the americans. later this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex toys. the president says the middle class just won't be able to support companies like this without some deal in place to avoid the cliff. >> demand is going to go away because all of a sudden you'll have two, three, $4,000 a year coming out of people's paychecks. >> just yesterday house speaker john boehner called the massive tax increases and spending cuts scheduled for january 1st a real possibility at this point, but we're hearing a lot of washington insiders still believe a deal is doable. >>> 6:17. now a story you'll only see on nbc bay area. the san jose skyline could look a lot different if the city can get clearance from the faa. city leaders say they want taller buildings up to 40 stories high but since downtown is in the flight path of the san jose international airport, there are height restrictions, and they say that is cost
NBC
Nov 29, 2012 5:00am PST
the fiscal cliff at the end of the year. >> we will see what happens. thank you very much, tracie. >>> 5:43. new this morning, a mountain climber is oregon is safe after an overnight rescue operation. the climber was on his way down after summiting mt. hood when he was stranded in a snowstorm yesterday afternoon. he was able to call search and rescue on his cell phone. he wasn't hurt but certainly was cold and wet. rescuers were able to bring him food and dry clothes before bringing him down to safety. >>> as meteorologist christina loren has been reporting all morning long, another round of wet weather is moving right into the bay area. a lot of people are getting ready. bob redell is live in san jose with more on this story. bob, good morning. >> reporter: throughout the bay area, yeah, good morning to you, jon, we have two more storms that are coming to the bay area. one will hit the north bay later this afternoon, slowly make its way down here to the south bay. lingering until saturday afternoon when the second storm is expected to hit. so the question is will you need to be h
CSPAN
Nov 29, 2012 2:00am EST
will get a tax cut. some would try to suggest the fiscal cliff is not a big economic problem. it is. it would be deeply irresponsible, as steve said, to create a recession through lack of political action. the immediate question -- we want to extend them for most people. but we also want to do is engage in tax reform that would ultimately produce lower rates even potentially for the wealthy. something the president called for in the campaign -- making the tax code simpler and clearing out a lot of loopholes. there is a certain amount of revenue you will have to get to put us on the right physical path. there is a number that roughly as agreed to that any bowles- simpson, and the fiscal experts said you had to get to. the expiry of the bush tax is not the end of the story. we have to engage in a comprehensive tax reform. we need to engage an entitlement reform. medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing to com
Search Results 0 to 25 of about 26 (some duplicates have been removed)